Home Bancorp (NASDAQ:HBCP) Rating Lowered to Hold at StockNews.com

Home Bancorp (NASDAQ:HBCP) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Other equities research analysts have also recently issued research reports about the company. Hovde Group cut Home Bancorp from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $53.00 to $54.50 in a research note on Tuesday, November 12th. Piper Sandler began coverage on shares of Home Bancorp in a research report on Friday. They set an “overweight” rating and a $60.00 price objective for the company.

Home Bancorp Stock Performance

NASDAQ HBCP traded up $0.08 during trading on Tuesday, reaching $47.50. The company’s stock had a trading volume of 23,748 shares, compared to its average volume of 22,618. The business’s fifty day moving average price is $47.55 and its 200-day moving average price is $46.27. Home Bancorp has a twelve month low of $33.30 and a twelve month high of $52.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $383.61 million, a price-to-earnings ratio of 10.44 and a beta of 0.71.

Home Bancorp (NASDAQ:HBCP) last released its quarterly earnings results on Monday, January 27th. The bank reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.07. Home Bancorp had a return on equity of 9.57% and a net margin of 18.27%. During the same quarter last year, the company earned $1.17 EPS. As a group, analysts anticipate that Home Bancorp will post 4.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC boosted its position in shares of Home Bancorp by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 29,963 shares of the bank’s stock worth $1,336,000 after purchasing an additional 1,474 shares in the last quarter. Summit Financial Wealth Advisors LLC lifted its stake in shares of Home Bancorp by 12.6% in the third quarter. Summit Financial Wealth Advisors LLC now owns 23,374 shares of the bank’s stock valued at $1,042,000 after purchasing an additional 2,622 shares during the period. BNP Paribas Financial Markets boosted its holdings in Home Bancorp by 73.8% during the third quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock worth $106,000 after buying an additional 1,009 shares in the last quarter. De Lisle Partners LLP grew its position in Home Bancorp by 36.1% during the third quarter. De Lisle Partners LLP now owns 24,985 shares of the bank’s stock worth $1,114,000 after buying an additional 6,626 shares during the period. Finally, Crawford Fund Management LLC increased its holdings in Home Bancorp by 48.3% in the third quarter. Crawford Fund Management LLC now owns 91,247 shares of the bank’s stock valued at $4,068,000 after buying an additional 29,722 shares in the last quarter. Institutional investors and hedge funds own 49.41% of the company’s stock.

Home Bancorp Company Profile

Home Bancorp, Inc operates as the bank holding company for Home Bank, National Association that provides various banking products and services in Louisiana, Mississippi, and Texas. It offers deposit products, including interest-bearing and noninterest-bearing checking, money market, savings, NOW, and certificates of deposit accounts.